CARGOJET INC (Germany) Price on September 27, 2024
| CJ8A Stock | EUR 75.50 0.50 0.66% |
If you're considering investing in CARGOJET Stock, it is important to understand the factors that can impact its price. As of today, the current price of CARGOJET INC stands at 75.50, as last reported on the 11th of December 2024, with the highest price reaching 77.00 and the lowest price hitting 75.50 during the day. CARGOJET INC VAR secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of risk over the last 3 months. CARGOJET INC VAR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CARGOJET INC's Mean Deviation of 1.33, coefficient of variation of (1,066), and Variance of 3.31 to double-check the risk estimate we provide.
CARGOJET Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
CARGOJET |
Sharpe Ratio = -0.1163
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Estimated Market Risk
| 1.81 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average CARGOJET INC is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of CARGOJET INC by adding CARGOJET INC to a well-diversified portfolio.
CARGOJET INC Valuation on September 27, 2024
It is possible to determine the worth of CARGOJET INC on a given historical date. On September 27, 2024 CARGOJET was worth 91.5 at the beginning of the trading date compared to the closed value of 90.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of CARGOJET INC stock. Still, in general, we apply an absolute valuation method to find CARGOJET INC's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of CARGOJET INC where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against CARGOJET INC's related companies.
| Open | High | Low | Close | Volume | |
| 87.00 | 92.00 | 87.00 | 91.50 | 1.00 | |
09/27/2024 | 91.50 | 91.50 | 90.00 | 90.00 | 1.00 |
| 90.00 | 91.00 | 89.50 | 91.00 | 1.00 |
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CARGOJET INC Trading Date Momentum on September 27, 2024
| On September 30 2024 CARGOJET INC VAR was traded for 91.00 at the closing time. The maximum traded price for the trading interval was 91.00 and the lowest daily price was 89.50 . There was no trading activity during the period 1.0. Lack of trading volume on 30th of September 2024 played a part in the next trading day price rise. The overall trading delta to the next closing price was 1.11% . The overall trading delta to the closing price today is 1.11% . |
CARGOJET INC VAR Fundamentals Correlations and Trends
By evaluating CARGOJET INC's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among CARGOJET INC's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. CARGOJET financial account trend analysis is a perfect complement when working with valuation or volatility modules.About CARGOJET INC Stock history
CARGOJET INC investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for CARGOJET is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in CARGOJET INC VAR will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing CARGOJET INC stock prices may prove useful in developing a viable investing in CARGOJET INC
Cargojet Inc. provides time sensitive overnight air cargo services in Canada. Cargojet Inc. is a subsidiary of Flagship International Marketing Limited. CARGOJET INC is traded on Frankfurt Stock Exchange in Germany.
CARGOJET INC Stock Technical Analysis
CARGOJET INC technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
CARGOJET INC Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
CARGOJET INC VAR cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
CARGOJET INC December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how CARGOJET INC stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading CARGOJET INC shares will generate the highest return on investment. By undertsting and applying CARGOJET INC stock market strength indicators, traders can identify CARGOJET INC VAR entry and exit signals to maximize returns
CARGOJET INC Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for CARGOJET INC's price direction in advance. Along with the technical and fundamental analysis of CARGOJET Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of CARGOJET to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.51) |
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Complementary Tools for CARGOJET Stock analysis
When running CARGOJET INC's price analysis, check to measure CARGOJET INC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CARGOJET INC is operating at the current time. Most of CARGOJET INC's value examination focuses on studying past and present price action to predict the probability of CARGOJET INC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CARGOJET INC's price. Additionally, you may evaluate how the addition of CARGOJET INC to your portfolios can decrease your overall portfolio volatility.
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